Debt Negotiation

Get out of debt faster through debt negotiation.

When you find yourself drowning in debt and unable to keep up with your bills, debt negotiation can help you effectively reduce or eliminate debt. Debt negotiation involves working with creditors to reduce your principal balance, to minimize finance charges and late fees, or to alter payment terms such as interest rates, monthly payments or length of a loan.

Debt negotiation can take several forms. Debt settlement companies will negotiate with creditors to lower the principal balance, but usually at a high cost to you. Debt negotiation may also be part of a bankruptcy process where creditors are asked to accept less than the balance owed.

If you're interested in debt negotiation and don't want it to further damage your credit score, consider the debt negotiation services available through American Consumer Credit Counseling (ACCC). As a non-profit company, we offer a variety of debt management and debt relief programs that include debt negotiation with creditors in order to help you pay off your debts more quickly. Contact us today for a free, no-obligation consultation to learn more about our debt negotiation services.

How debt negotiation works at ACCC.

Debt negotiation at ACCC is usually part of a debt management plan designed to help you take control of your finances, resolve credit problems and pay down your debt through regular monthly payments. The process begins in a conversation with our credit counselors – they will evaluate your financial situation and help you craft a budget that lets you make monthly payments against your debt. Then we'll consolidate all your payments to various creditors into one monthly payment to ACCC, from which we'll make payments to creditors on your behalf. By simplifying payment in this way, we make it easier to stick to your repayment plan – you can even select the payment date that works best for you. Most of our clients find that having one convenient payment per month reduces a lot of the stress they feel about owing money.

Because ACCC is working directly with your creditors, it's easier for us to engage in debt negotiation with them on interest rates, finance charges, late fees and over-limit fees, and to bring the status of your count current instead of being in arrears. Through this kind of negotiation, we are usually able to reduce the amount of your monthly payment, helping to save you money and pay off your debt more quickly.